Is 1987-type market crash 37 trading days away?

Apr. 2, 2014
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(FILE PHOTO) On Friday October 19, 2012, it will be 25 years since Black Monday, the infamous stock market crash which saw markets around the world shed huge amounts of their value. The Dow Jones was the worst affected, dropping 22.5%, approximately $500 billion, making it the biggest one-day drop in the history of the DJIA. FILES - Picture taken 19 October 1987 shows a trader holding his head at the floor of the New York Stock Exchange when the Dow Jones dropped over 500 points, the largest decline in modern time, as panic selling swept Wall Street. The 19 October 2007 marks the 20th anniversary of the so-called "Black Monday", when the Dow Jones Industrial Average stock barometer plunged a dramatic 22.61 percent to 1,738.41 points. AFP PHOTO MARIA BASTONE (Photo credit should read MARIA BASTONE/AFP/Getty Images) ORIG FILE ID: 77397174 / AFP AFP/Getty Images